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Loan Documents

After you have applied for a loan you will be asked for some specific documents needed to go ahead and process your loan. These documents can range from income and employment verification to past tax returns and your current mortgage information. By having these documents handy it will help the whole loan process go quicker and more smoothly.

Arizona Loan Documents



Income Items

  •  Federal tax returns (1040's) for the last two years, if:
      • You are self-employed o earn more than 25% of your income from
         commissions or bonuses
      • Own rental property
      • In a career where you are likely to take non-reimbursed business

  •  Year-to-Date Profit and Loss Statement (for self employed)

  •  Corporate or Partnership tax returns (if applicable)

  •  Pension Award letter (for retired individuals)

  •  Social Security Award letters (for those on Social Security)

  •  Most recent 30 day pays stubs.
      Regular Loans

  •  Credit report

  •  Name, address, and all income earned from all employers for the
      past two years

  •  List of employers for the past 2 years.

  •  List of assets include address, type of account, account numbers,

  •  Homeowners Insurance Information (name and phone number of

  •  Last 2 years’ W-2 forms.

  •  Last three months bank statements (all pages of statements).

  •  Current mortgage company name, address, phone numbers and
      account numbers (Purchase n/a)

  •  Copy of Driver's License or photo ID and social security number.

  •  List of all open credit accounts:
       • Charge accounts
       • Car loans (include account numbers, payment amounts, and

Asset Items

  •  Statements for two months on all stocks, mutual funds, bonds.

  •  Checking or savings information.

  •  Copy of latest 401K statement (or other retirement assets)

  •  Explanations for any large deposits and source of those funds

  •  Copy of HUD1 Settlement Statement on recent sales of homes
      (see glossary for HUD1)

  •  Copy of Estimated HUD1 Settlement Statement if a previous home is
      for sale,but not yet closed

Credit Items

  •  Landlord's name, address, and phone number (for verification of
      rental, if you currently rent)

  •  Explanations for any of the following items which may appear on your
      credit report:
       • Late payments
       • Credit inquiries in the last 90 days
       • Charge-offs
       • Collections
       • Judgments
       • Liens

  •  Copy of bankruptcy papers if a bankruptcy shows up on your credit
      report or if you have filed bankruptcy within the last seven years

VA Loans

  •  Copy of DD214 - If you were in the military, you undoubtedly know
      what this is because when you get out of the service they constantly
      remind you to never ever lose this form.
        o For those that were not in the military, it is basically a one-page
           summary of an entire military career, including test scores,
           important dates, awards, and other military data.
2nd Mortgages / Home Equity Loans

  •  Copy of your first mortgage note

  •  Address of properties and current market value.

  •  Any debt owed on properties; Lender's name, address, account
      number, monthly payment, and current balance.

  •  Copy of previous two years Federal Income Tax Returns with all

  •  If rented, copy of lease.

  •  Copy of current Property Deed

  •  Copy of Homeowner’s Insurance declaration page(s)

Self Employed/Commissioned Pay

  •  Previous two years Federal Income Tax Returns with all schedules
      and a year-to-date profit and loss statement.

Other Miscellaneous

  •  Copy of purchase agreement (if you have already made an offer)

  •  Document receipt of child support (if you desire to show it as income)

  •  Copy of divorce settlement (to show the amount)

  •  Gift letter (if some of the funds come as a gift from a family member)

  •  If you have filed bankruptcy within the last seven years, Copy of
      petition and discharge and a handwritten explanation of reason for


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